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DRIVE
FALL
2014
PROGRAM
MBADS
(SEM 3/SEM 5)
MBAFLEX/
MBA (SEM 3)
PGDOMN
(SEM 1)
SUBJECT
CODE & NAME
OM0010
OPERATIONS MANAGEMENT
Qus:1
Define operations strategy. What are the differences between manufacturing and
service organisations in terms of operations strategy?
·
Definition
of operations
·
List
and explain differences between manufacturing and service organisations in
terms of operations strategy
Answer:
Definition
of operations:
the concept of
the operations research, which is one of the important elements of operations
management. For managing the operations of an organisation effectively, it is
important to formulate a strategy called operations strategy. An operations
strategy is a process wherein the
Qus:2 Explain the characteristics of services.
Answer:
Explanation
of characteristics of services:
There are four
characteristics of services, which are discussed as follows:
1.Characteristic
of intangibility:
Intangibility
refers to the non-receptive characteristic of products. It is the most basic
distinctive characteristic of a service. Services are deeds, actions and
performances that cannot be seen, felt, touched or tasted, as we can do with
the physical products. For example, medical services are
Qus3:What is inventory control? Explain the factors
considered in inventory control.
·
Definition of
inventory control
·
Explanation of
factors considered in inventory control
Answer:
Definition of
inventory control:
Inventory
control refers to the evaluation of policies, procedures and systems for
ensuring an adequate supply of inventory. It is also called stock control,
which is a process that involves the supervision, storage and accessibility of
goods or items. The main objective of inventory control is to ensure that an
organisation has adequate supply of goods to prevent stockouts and oversupply.
Therefore, inventory control is all about maintaining balance between
undersupply
Qus:4 Explain the applications of queuing models
·
Give the
different applications of the queuing models
Answer:
Give the
different applications of the queuing models:
Customers are
the primary source of revenue for an organisation. They are satisfied if the
organisation provides products or services at minimum cost and within the
stipulated time. If an organisation makes unwanted delays in delivering
services, customers may become highly dissatisfied and switch to other brands.
Therefore, the waiting time of customers and the cost of providing services
should be minimised. This can be done by using queuing models. The applications
of queuing models are:
Qus:5 Write short notes on Markov
analysis.
·
Definition
of Markov analysis.
·
Characteristics
of Markov analysis.
·
Assumptions
of Markov analysis.
·
Applications
of Markov analysis
Answer:
Definition
of Markov analysis:
Markov analysis
is a technique that is used to analyse the present behaviour of a variable and
estimate its future behaviour. The concept of Markov analysis was introduced by
Andrei A. M
Qus:6 Describe the various types of decision making
models.
·
List the models
·
Describe the 3
decision making models
Answer:
List the
models:
Get fully solved assignment, plz drop a mail with your sub code
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